Manufactured Home Shipments
Again we are seeing an increase in housing sales. Nationwide this year’s year to date is 19.3% higher than last year with unit sales increasing by 5,249 homes. Overall the housing market is looking good, and we are beginning to be able to take advantage of it.
Maine and Connecticut, +97.4% and +188.2%respectivly, are the two states that have seen the biggest increase in manufactured housing shipments as the housing and job market stabilization is finally planting roots on the Northeastern coast.
Some in the Midwest such as the Dakotas and Wyoming have seen a decrease in manufactured housing sales but this is mostly due to the seasonal and volatile nature of jobs in the Oil industry. The drop in sales in this region is more reflective of the Oil industry than it is the housing industry.
Overall sales are up nationally and I’ve spoken with several bankers and realtors from my area expressing that the flood of foreclosures that had been on the market has begun to dry up and property values are on the rise. Due to the rising property values and the shrinking inventory of existing homes in the housing market, new buyers are being forced to either site-build or turn to manufactured housing as a way of becoming homeowners or purchasing their next home.
4,780 New HUD-Code Homes Shipped in February 2015
In February 2015, 4,780 new manufactured homes were shipped, an increase of 9.7 percent from February 2014. The trend reflected gains across the board, with shipments of single section homes and multi section homes up by 13.6% and 6.1 percent respectively, compared with the same month last year. Total floors shipped in February 2015 were 7,263 an increase of 8.3% compared with February 2014.
Compared with the prior year, 2015 recorded shipment increases in January & February. For the first two months of this year, shipments totaled 9,722 homes compared with 8,668 homes in 2014, a net increase of 12.2%
The seasonally adjusted annual rate (SAAR) of shipments was 67,398 in February 2015, down 4.9 percent from the adjusted rate of 70,837 in January 2015. The SAAR corrects for normal seasonal variations and projects annual shipments based on the current monthly total.
The number of plants reporting production in February 2015 was 121 and the number of active corporations was 38, both unchanged from the previous month.
Information provided by MHI
2014 posts in review
I think that 2014 was a year of adjustment for us in our industry. In review, here are the articles that I have written this year.
-Google Analytics- A program through Google that can help track the traffic on your site
-December HUD-code Home Shipments- December 2013 shipments were up 14% from December 2012
-National Congress & Expo for Manufactured & Modular Housing
-2014 National Industry Awards
-February HUD-code Home Shipments- February 2014 shipments were up 5.9% from February 2013
-Baby Boomers- There are 76 million baby boomers to date and how they will affect our industry
-Marketing Funnel & Social Media- A funnel approach to capturing customers and keep them engaged longer
-Manufacturedhomes.com- A site that allows potential homebuyers to get information about financing, purchasing, construction and where to find dealerships in their area.
-Tiny House/Park Model Trend- Stats about how this new trend is affecting the housing industry
-Mortgage Discrimination- Mortgage Denial for women on maternity leave
-2015 Louisville Manufactured Housing Show
February 2014 HUD-code Home Shipments
The report has been released for February 2014 new manufactured home sales. 4,359 new manufactured homes were shipped in February 2014 which is up 5.9 percent from February 2013. The total floors that were shipped were 6,706 which was an increase of 7.9 percent in comparison to February 2013.
The SAAR or seasonally adjusted annual rate of shipments was 61,881 in February 2014. These numbers are down 2.5 percent from the adjusted rate of 63,457 in January 2014.
The number of plants that are reporting production in February 2014 was 123, and the number of active corporations was 46, both unchanged from the number in January 2014.
*The SAAR corrects for normal seasonal variations in shipments and projects annual shipments based on the current monthly total.
December 2013 HUD-code Home Shipments
The report has been released for December 2013 new manufactured home sales. 4,005 new manufactured homes were shipped in December of 2013 which is up 14.0 percent from December 2012. The total floors that were shipped were 6,289 which was an increase of 15.1 percent in comparison to December 2012.
The SAAR or seasonally adjusted annual rate of shipments was 60,956 in December 2013. These numbers are down 0.2 percent from the adjusted rate of 61,074 in November 2013.
The number of plants that are reporting production in December 2013 was 123, one up from prior month and the number of active corporations was 46, unchanged from the number in November 2013.
*The SAAR corrects for normal seasonal variations in shipments and projects annual shipments based on the current monthly total.
June 2013 HUD-code Home Shipments
The report has been released for June 2013 new manufactured home sales. 5,347 new manufactured homes were shipped in June of 2013 which is up 6.2 percent from June 2012. Good news all around because increases were up across the board including both single and multi-section home shipments in comparison to June 2012. The total floors that were shipped were 8,299 which was an increase of 4.7 percent in comparison to June 2012.
The SAAR or seasonally adjusted annual rate of shipments was 55,493 in June 2013. These numbers are down 9.8 percent from the adjusted rate of 61,536 in May 2013.
The number of plants that are reporting production in June 2013 was 122 and number of active corporations was 46, both unchanged from the prior month.
*The SAAR corrects for normal seasonal variations in shipments and projects annual shipments based on the current monthly total.
January 2013 HUD-code Home Shipments
The report has been release for January 2013 new manufactured home sales. 4,190 new manufactured homes were shipped in January of 2013 which is up 6.2 percents from January 2012. Good news all around because increases were up across the board including both single and multi-section home shipments in comparison to January 2012. The total floors that were shipped were 6,417 which was an increase of 7.5 percent in comparison to January 2012.
The SAAR or seasonally adjusted annual rate of shipments was 63,588 in January 2013. These numbers are up 19.4 percent from the adjusted rate in December 2012.
The number of plants that are reporting production in January 2013 was 123 and number of active corporations was 45. These numbers have not increased nor decreased from December of 2012.
*The SAAR corrects for normal seasonal variations in shipments and projects annual shipments based on the current monthly total.